« previous next »

Author Question: The GDP price index A) can be interpreted as 100 multiplied by real GDP divided by nominal GDP. ... (Read 88 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
The GDP price index
 
  A) can be interpreted as 100 multiplied by real GDP divided by nominal GDP.
  B) is the difference between nominal GDP and real GDP.
  C) measures the average price level.
  D) can be interpreted as real GDP minus nominal GDP and the resulting difference then multiplied by 100.
  E) is equal to between real GDP minus nominal GDP.

Question 2

Which of the following can start an inflation?
 
  A) an increase in aggregate demand
  B) an increase in aggregate supply
  C) a decrease in aggregate supply
  D) Both answers A and C are correct.
  E) Answers A, B, and C are correct.


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
Reply #2 on: Jun 29, 2018
Thank you :)


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Example of the Index to Diseases and Injuries. Example of the Index to Diseases and Injuries.
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
NCC MERP Index for categorizing medication errors. NCC MERP Index for categorizing medication errors.
Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ... Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ...
The air quality index The air quality index
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library